Thursday, April 20, 2023

The entire western financial system has a fatal flaw that will spell its undoing




Not quite true of course, although the real flaw is in managing it all and avoiding the temtation of giantism.  The reality is that management must be overhauled and my first choice is to send the whole apparatus down to the natural community level, the Rule of Twelve and allowing surpluses to be used to buy parts of larger debt.

this also allws the current structure to remain in place while all this vrolls out globally while maintaining strong limits on the multiple for the large banks. There will thhen be a steady shift from this local base into the larger lending market.

After all, you cannot lend out all your available credit internally, but the surpus can buy even government notes.

Yes we have a problem and it needs to be fixed the way i just described.  Othgerwise we weill have panics that shut of lending once in a while.  understand that every morning, a banker wakes up to discover he has to buy loans today.  Everyday, so quitting is not really an option.


The entire western financial system has a fatal flaw that will spell its undoing

Mike Adams

The entire western financial system is based on "fractional reserve" banking, which is all based on the assumption that people don't move very quickly -- nor simultaneously -- to withdraw their money from financial institutions.

But in the age of rapid information transmission and accelerated awareness of bank insolvency, large groups of people can pull their money out of institutions in mere hours (instead of the many days it used to take).

Given that hundreds of banks in the USA are right now technically insolvent, this fractional reserve structure is almost begging for a wipeout as people learn the truth about their deposits not existing.

Bank runs are inevitable. Smart people are planning accordingly. Get the full podcast report on this on my HRR channel at Brighteon: https://www.brighteon.com/channels/hrreport

Plus, see lots of breaking stories below, including stories on the truth behind the Pentagon "leak" (it was an op), the feds' war against Amish farmers and more.

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